BSECompany Update3d ago · 21 Oct 2026, 10:32 pm
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company and the Kenya Revenue Authority have entered into a full and final settlement agreement in respect of the assessment pertaining to calendar years 2020 to 2023. Pursuant to the settlement, the demand as per order dated December 12, 2025 has been reduced from approx. INR 26.50 Crore (including interest and penalties) to approx. INR 2.66 Crore (only principal). ....
Sterling and Wilson Renewable Energy Ltd · 542760
✦ AI Summary▲ PositiveRegulatory
Sterling and Wilson Renewable Energy Ltd has entered into a full and final settlement agreement with the Kenya Revenue Authority, reducing the demand from approximately INR 26.50 Crore to INR 2.66 Crore. The settlement absolves the company from paying interest and penalties on payment of principal demand by December 25, 2026, and other compliances as per applicable law.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Sterling and Wilson Renewable Energy Ltd - 542760 - Disclosure Of Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Attachments (1)
📄pdf
Download →
bd21b297-9fbe-4d88-af48-88bc74b585d2.pdf
View document text
October 21, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra Kurla Complex
Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Scrip Code: 542760 Symbol: SWSOLAR
Sub.: Disclosure of information under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Ref.: i. SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025
ii. Our Disclosure dated September 18, 2025 and December 15, 2025
Dear Sir/ Ma’am
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company and
the Kenya Revenue Authority have entered into a full and final settlement agreement in respect of the
assessment pertaining to calendar years 2020 to 2023. Pursuant to the settlement, the demand as per order
dated December 12, 2025 has been reduced from ~ INR 26.50 Crore (including interest and penalties) to ~
INR 2.66 Crore (only principal). Further, the settlement absolves the Company from paying interest and
penalties on payment of principal demand by December 25, 2026 and other compliances as per applicable
law.
In respect of the captioned matter, I, the undersigned, state and declare that the information and details
provided in Form A, in compliance with Regulation 30(13) of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, is true, correct and complete to the
best of my knowledge and belief.
Kindly take the same on record.
Yours faithfully,
For Sterling and Wilson Renewable Energy Limited
Ajit Pratap Singh
Chief Financial Officer
Date: October 21, 2026
Place: Mumbai
Email ID: ir@sterlingwilson.com
Encl: As above
Sterling and Wilson Renewable Energy Limited
Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043
Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281
Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com
Form A
Disclosure by Sterling and Wilson Renewable Energy Limited regarding receipt of communication
from regulatory, statutory, enforcement or judicial authority under the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sr. Particulars Details
1 Name of the listed company Sterling and Wilson Renewable Energy Limited
(“the Company”)
2 Type of communication received Settlement Agreement
3 Date of receipt of communication October 21, 2026
4 Authority from whom communication Kenya Revenue Authorities (“KRA”)
received
5 Brief summary of the material contents of The Company and the KRA have entered into a full
the communication received, including and final settlement agreement whereby the demand
reasons for receipt of the communication as per order dated December 12, 2025 amounting to
~ INR 26.50 Crore (including interest and penalties)
is reduced to INR 2.66 Crore (only principal). This
is mainly due to lower attribution of the profits to
Kenya Branch. The settlement absolves the
Company from paying interest and penalties on
payment of principal demand by December 25, 2026
and other compliances as per applicable law.
6 Period for which communication would January 01, 2020 to December 31, 2023
be applicable, if stated
7 Expected financial implications on the ~ INR 2.66 Crore
listed company, if any
8 Details of any aberrations/ non- Nil
compliances identified by the authority in
the communication
9 Details of any penalty or restriction or Nil
sanction imposed pursuant to the
communication
10 Action(s) taken by listed company with The Company will be making payments as per the
respect to the communication agreed payment terms in the settlement agreement.
11 Any other relevant information -
Sterling and Wilson Renewable Energy Limited
Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043
Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281
Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com